This report summarizes the reviews of compliance and consistency with key principles and standards applicable to financial sector of the Philippines. It reviews compliance with the Basel Core Principles for Effective Banking Supervision, the Committee on Payment and Settlement Systems Core...

This paper presents an update to the Report on the Observance of Standards and Codes Fiscal Sector Modules for Israel. The 2000–01 Financial Sector Assessment Program mission assessed Israel’s compliance with the Basel Core Principles for effective banking supervision. Israel was found...

Finland has a very sound financial system. Finland is at the forefront of electronic banking and financial sector consolidation. Arrangements for crisis prevention and management need to balance the conflicting goals of minimizing moral hazard and providing adequate safety nets in the financial...

This report underlies Canada's Financial Sector Assessment Program (FSAP) in the areas of crisis management and blank resolution. The provincial deposit insurance systems (DIS) and resolution frameworks are highly heterogeneous and the FSAP's analysis suggests that the preparedness to overcome...

This paper evaluates Financial Sector Assessment Program (FSAP) intensity and effectiveness of Federal Bank supervision in Canada. The IMF report highlights that a key element of effective supervision is a willingness to increase supervisory pressure promptly when a supervisor identifies...

This Detailed Assessment of Observance assessment of Ireland was carried out using the 2011 International Organization of Securities Commissions (IOSCO) Methodology for Assessing Implementation of the IOSCO Principles. The legal framework is robust and provides the Central Bank of Ireland with...

This paper discusses key findings of the Report on the Observance of Standards and Codes for the Republic of Korea. Responsibilities, objectives, and powers related to banking supervision are clearly defined in the Republic of Korea. The legal framework currently in place reasonably provides the...

This Selected Issues paper presents a comparison on public expenditure of Austria and other countries. In the past decade, Austria's government expenditure growth has been very steady, thus avoiding the boom-bust pattern of some other European countries. However, expenditure levels are...

This Detailed Assessment of Compliance on the Basel Core Principles for Effective Banking Supervision on Switzerland discusses that significant portions of guidance and legislation related to qualitative risk management and control standards are not as detailed or comprehensive as in many other...